Brilliant Solutions

The office will be closed from 5pm today for staff training, open as normal tomorrow. 

Our office will be closed from 5pm Thursday, 20th October to 9am Friday, 21st October.
If you have any cases or enquiries that this may affect, please contact our team today. We apologise for any inconvenience.

We are currently experiencing some technical issues that are affecting our telephone lines and internet connection.

We hope to resolve this asap. Apologies for the inconvenience.

 

In honour of Her Majesty Queen Elizabeth II our offices will be closed on Monday 19th September while our staff pay their respects.

The office will re-open at 9am on Tuesday 20th September.

Santander Update

View here for Santander’s latest announcements.   Please remember that you can access Santander products, including semi-exclusive mortgages, through our direct to lender mortgage club which pays on completion.  Contact us for more information.  Visit Santander for Intermediaries website

Great news! We’ve simplified our full mortgage application (FMA) process in Introducer Internet to help improve our service and reduce your client’s time to offer.

  • Removed some of the questions we ask you in the residential FMA including our eligibility policy check questions to help reduce the time it takes to complete.
  • Tailored our evidence requirements outputs to provide further guidance and reduce the amount of information we need post-submission.
  • Added a new warning message to let you know when a product you’ve selected has been withdrawn.

Please note you’ll still be able to find our eligibility questions in the residential lending guide for information purposes only.

Residential self-employed applications

You’ll now be asked in Introducer Internet whether your client’s business or income was adversely affected by Covid-19?

We’ll consider your client as adversely affected where any of the below apply:

  • A business which is not currently trading or has been re-opened for less than three months.
  • Where the business has taken an SEISS, JRS grant (for limited companies) or Bounce-back, BBIL or CBIL loans in the 12 months prior to the date of application.
  • Staff have previously been furloughed due to business trading conditions in the 12 months prior to the date of application.

We’ve updated our self-employed webpage and our self-employed packaging guide.

Where your client’s business or income has been adversely affected by Covid-19, please call us before case submission so we can discuss our case packaging requirements

Changes to our product transfer range

On Tuesday 28 September, we’re making a number of changes to our product transfer range:

  • Lower rates available across the range (reductions made of between 0.05% and 0.45%).
  • New rates launched and selected rates withdrawn.
  • Some rates increased by between 0.03% and 0.20%.
  • Charge end dates will roll on by one month to 2 January and the completion deadline date will roll on to 5 February 2022.

Santander product transfer rates are personalised to each customer, so you won’t find them on sourcing systems. Please log on to our Online Mortgage Transfer Service in Introducer Internet on behalf of your client to view the rates available to them.

 

 Santander rates update
Higher LTV purchase rates reducing by up to 0.36%

On Friday 1 October, we’re reducing our 85% 90% and 95% LTV 2 and 5 year fixed rates for purchases by up to 0.36%.  We’re also reducing our 85% LTV New Build exclusives by up to 0.26% to align with our standard 85% LTV rates.

Reductions – 2 year fixed rates – purchase only

  • 85% LTV 2 Year fixed rate at 1.52% with £749 fee – rate reduced by 0.18% and fee reduced by £250
  • 85% LTV 2 Year fixed rate at 1.83% with £0 fee – rate reduced by 0.26%
  • 90% LTV 2 Year fixed rate at 1.84% with £749 fee – rate reduced by 0.20% and fee reduced by £250
  • 90% LTV 2 Year fixed rate at 2.14% with £0 fee – rate reduced by 0.36%
  • 95% LTV 2 Year fixed rate at 2.93% with £0 fee – rate reduced by 0.27%

Reductions – 5 year fixed rates – purchase only

  • 85% LTV 5 Year fixed rate at 2.03% with £999 fee – rate reduced by 0.16%
  • 85% LTV 5 Year fixed rate at 2.24% with £0 fee – rate reduced by 0.30%
  • 90% LTV 5 Year fixed rate at 2.50% with £999 fee – rate reduced by 0.22%
  • 90% LTV 5 Year fixed rate at 2.74% with £0 fee – rate reduced by 0.25%
  • 95% LTV 5 Year fixed rate at 3.31% with £0 fee – rate reduced by 0.14%

Newbuild exclusive – purchase only

  • 85% LTV 2.5 Year fixed rate at 1.52% with £749 fee – rate reduced by 0.18% and fee reduced by £250
  • 85% LTV 2.5 Year fixed rate at 1.83% with £0 fee – rate reduced by 0.26%

Withdrawn

  • 80% LTV 2 year fixed rate at 1.94% with £0

For full details of our new business mortgage range please see the Rate Bulletin (Issue 17) which will be available on our website on Friday 1 October.

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